Nifty Trend & Trading Tips for Monday

Stock Market Latest Updates & News: Indian share market indices this week traded almost on the positive bias. After running 3 days continuous bullish trend market closed on the negative bias on Thursday. Nifty was trading range bound last week in between 7550 to 7750. Nifty on weekly note made the high of 7754 and low of 7483. Nifty 50 closed on 7751 and Sensex closed 138 points up from the last day closing at 25962.

Nifty Trend on Monday: 50 share NSE index Nifty will most probably trade on the positive bias on Monday ahead of budget expectations from the Modi government. Nifty likely to take support at 7675-7700 while resistance can be seen at 7775-7830. At/Around the resistance level Nifty may witness heavy profit booking. Cash Market traders do not need to get worried while future market traders need to trade on the safer side. We are not expecting any heavy down fall in the market next week.